It’s a wonder the Gillard government doesn’t just issue a public statement saying it’s safe to give your banking details to the author of a Nigerian email that says you won $100m in a lottery. They’d hook in a lot of suckers and cut out some of the bureaucratic middle men.
BY 2050, Australia will be sending $57 billion a year overseas just for the right to keep our lights on, as a direct consequence of Julia Gillard’s carbon dioxide tax and consequent emissions trading scheme.
Let me make it perfectly clear. We won’t be getting anything tangible back for that $57bn.
It doesn’t buy us windmills or solar panels made in China. It doesn’t buy us technology or licensing rights. It’s not even a (carbon dioxide) tax, that would at least generate revenue for the government. It just sends money to foreigners for “permission” to keep a few of our coal-fired power stations operating.
That is to say, it will be an entirely artificial cost, imposed on all Australians, by this Gillard-Brown government, with not the slightest offsetting benefit. It has the same economic consequences as taking $57bn and just shredding it. Every year.
I’d love to hear a warmenista try to defend this. God, it must be embarrassing to be them.